Pan African Resources Share Discussion Threads

[stonedyou] 13/8/2019 19:48

(Kitco News) - The gold market will continue to ebb and flow as short-term

sentiment shifts, but there is still a long-term investment case to hold the

yellow metal as a strategic safe-haven asset, according to the third largest gold-

backed exchange-traded fund.

Steve Dunn, Head of Exchange Traded Funds at Aberdeen Standard Investments, said

that a collision of factors -- including ongoing financial market uncertainty and

a low interest rate environment -- is creating the perfect environment for gold as

investors look for safe-haven alternative assets.


Dunn added that because of long-term issues impacting financial markets, investors

are turning to the firm’s gold-backed ETF (NYSE: SGOL), which is the lowest cost

gold ETF in the marketplace.

Friday, the firm announced that SGOL reached the $1 billion market in assets under

management putting it behind SPDR Gold Shares (NYSE: GLD), the largest gold ETF

with assets over nearly $41 billion.

“When you are looking at a long-term investment, costs become an important factor

for an asset manager and that is where SGOL has an advantage over other ETFs,”

said Dunn. ““SGOL is well positioned to benefit from the current demand for gold

because it is the cheapest way for U.S. investors to track the price of bullion.”

Renewed volatility in gold prices is expected in the near-term as investor

sentiment shifts with each new headline, Dunn said. But, the underlying investment

uncertainty will not go away anytime soon, he added, explaining that trade

tensions and geopolitical instability will continue to weigh on growth

expectations, which will ultimately keep interest rates lows.

And while gold appears be a little over extended, Dunn said that he is not

expecting to see any major correction in the near-term.

“I don’t think you can ignore the run gold has had in the last 10 weeks and not

expect some profit taking,” he said. “But, there is risk in the system and that

will be good for gold.”

With gold trading at $1,500 an ounce, Dunn noted that the rally has exceeded the

firm’s forecasts; however, he added that the market is probably close to fair

value.

“I think we would need to see a major event risk to stretch gold higher,” he said.

And if investors are still looking for value in the precious metals space, Dunn

pointed to the firm’s silver ETF SIVR.

“While gold is close to fair value we do see a lot more potential for silver from

a value standpoint,” he said.

By Neils Christensen

For Kitco News

[stonedyou] 13/8/2019 19:27

Cino....will do..

[ntv] 13/8/2019 19:16

Donald Trump says China moving troops to the border with HK in latest tweet



The other master race won't leave it long now
Expect invasion soon

[atino] 13/8/2019 18:27

WHEN IS PAN AFRICAN RESOURCES' NEXT EARNINGS DATE?

Pan African Resources is scheduled to release their next quarterly earnings announcement on Wednesday, September 18th 2019 🙇

* Pan African Resources PLC's full-year gold production climbed 7.5% to 172,442 ounces, beating the guidance of 170,000 ounces. The company forecast output of about 185,000 ounces for 2020. Pan African also said it will file legal action against certain individuals and organizations behind an illegal blockade at its Barberton property in South Africa. The company said it has lost production days due to the protests.

[atino] 13/8/2019 16:51

It’s a very small punt & apologies for the disregards - But i care not about this company assets, nor in what your directors (...or these...chairmans!) have to say 😤

An opportunity was sought (love these dizzy heights:-)...and execution is MY...“Atinos”...name 😉🙇 🏄‍a94;️ Surfs up

[topazfrenzy] 13/8/2019 16:25

I was, and it depends on gold price, but watching the action I didn't like what I saw, the way it dumped. I really think that companies in Africa are always discounted big time unfortunately.

[juuunx2] 13/8/2019 16:11

Need to make up your mind bud you were saying 18p earlier

[topazfrenzy] 13/8/2019 15:51

Better off with FRES I think, much better risk reward and a great entry point still after it crashed two weeks ago

[topazfrenzy] 13/8/2019 15:45

This dumped so fast on gold dumping, something not right, maybe the South African risk factor?

[ntbb] 13/8/2019 11:18

Thanks top, wow gold over 1534, this company sure is making some meaty profits!

[topazfrenzy] 13/8/2019 11:12

ntbb, don't worry about the daily SP, I think this share is traded in a certain way, so the share price is sometimes difficult to read, it suddenly jumps up however.

[ntbb] 13/8/2019 09:44

Dont know how they managed to fill that 125k buy at 14.08p without moving the share price

[ntbb] 13/8/2019 09:08

FY2020 production guidance to be about 185,000 ounces, current market cap is too cheap

[cinoib] 13/8/2019 09:00

$1527 now and more to come, I predict $1700 by Oct and $2000 by next Easter then world crash. So 20p by year end.

[topazfrenzy] 13/8/2019 08:33

It should move up suddenly, orders being filled probably. I see 18p before long.

[ntbb] 13/8/2019 08:27

Well gold over 1523 and Zar high, I just dont understand why this gold miner is not flying

[astjgroom] 13/8/2019 08:18

And zar dollar $15.27, super high in our favour

[ntbb] 13/8/2019 08:13

Gold $1522 and we are still at 14p

[ntbb] 12/8/2019 11:15

Someone just bought over 100k shares at 14p